"In 2012, nearly 1 million California households faced “energy poverty”—defined as energy expenditures exceeding 10 percent of household income. In certain California counties, the rate of energy poverty was as high as 15 percent of all households."
Sept. 1, 2015
It’s time to dust it off again because the Capitol seems to be infested with voodoo economics these days – logic- and fact-deficient assertions about the seemingly magical economic effects of politicians’ pet causes.
Aug. 27, 2015
The state’s historic drought has hit the San Joaquin Valley hard, with farm losses in the billions, an increase in health issues and a decline in income, according to a Fresno State study released Thursday.
Aug. 18, 2015
In their latest estimate of the four-year drought’s economic effects, professors at the university’s Center for Watershed Sciences said Tuesday the drought has reduced seasonal farm employment by 10,100 jobs this year. When indirect job losses are thrown in, including truck drivers, food processing workers and others partially dependent on farming, the impact on payrolls comes to 21,000.
April 14, 2015
Our short answer is this: while the drought is affecting many Californians and communities in different ways, we currently do not expect the drought to have a significant effect on statewide economic activity or state government revenues. A recent Wall Street Journal survey reportedly showed that the vast majority of economists agree that the economic effects of the drought will either be "too small to show up" in economic data or be "small but measurable in the data."